§ 8.5-6. Collection, disposition of tax.

(a)

The license and occupation tax imposed by the preceding sections is an annual tax and shall be due and payable on the 2nd of January, each year, commencing January 2, 1982. Business or professional offices starting after January 2 of the year shall pay a prorata tax for the balance of that tax year. Upon payment thereof to the city clerk, the clerk shall give a receipt therefor, properly dated and specifying the person paying, the name of the business or profession on whose behalf the tax is being paid, the amount thereof, and for what period the tax is paid. It is hereby made the duty of every person, partnership, firm or corporation engaged in carrying on any business or occupation within the limits of the district, as provided, on which a license and occupation tax is levied by this chapter, to pay said tax at the times provided for its payment herein.

(b)

The license and occupation tax shall become delinquent March 1 of each year and all delinquent taxes shall bear interest at the rate of 14 percent per annum until paid.

(c)

The city clerk-treasurer shall place all taxes collected hereunder in a special fund, to be used exclusively for the purposes described herein.

(Ord. No. 2175, §§ 11, 12, 10-26-1981; Ord. No. 2246, § 1, 4-25-1983)

State law reference

Business improvement district occupation tax, R.R.S. 1943, § 19-4031.